Which of the following is most likely to be a variable cost for a firm?
A) The interest payments made on loans
B) The franchiser's fee that a restaurant must pay to the national restaurant chain
C) The monthly rent on office space that it leased for a year
D) The payroll taxes that are paid on employee wages
D) The payroll taxes that are paid on employee wages
You might also like to view...
Which of the following is a good example of a firm that is not likely to be perfectly competitive?
a. Farmer Joe's wheat. b. Coyote Wile’s beef ranch. c. Captain John's salmon farm. d. Aviator Alan's nonstop airline service from Seattle to Nome.
Economic principles are generalizations relating to ___________ in economic behavior or to the economy itself.
a. positive tendencies b. extreme tendencies c. inverse tendencies d. average tendencies
If product prices decrease more than nominal wages decrease, then the real value of wages will increase.
Answer the following statement true (T) or false (F)
Contractionary policies are government policies that
A) decrease aggregate supply. B) increase aggregate supply. C) increase aggregate demand. D) decrease aggregate demand.